Perennial Investment Advisors LLC Purchases 1,175 Shares of VanEck CLO ETF (NYSEARCA:CLOI)

Perennial Investment Advisors LLC boosted its holdings in shares of VanEck CLO ETF (NYSEARCA:CLOI) by 25.3% during the 4th quarter, Holdings Channel reports. The fund owned 5,826 shares of the company’s stock after buying an additional 1,175 shares during the period. Perennial Investment Advisors LLC’s holdings in VanEck CLO ETF were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CLOI. Kiker Wealth Management LLC bought a new position in shares of VanEck CLO ETF during the fourth quarter valued at approximately $73,000. Continuum Advisory LLC purchased a new stake in VanEck CLO ETF during the third quarter worth $131,000. B. Riley Wealth Advisors Inc. bought a new stake in VanEck CLO ETF during the 3rd quarter valued at $205,000. Synovus Financial Corp purchased a new position in shares of VanEck CLO ETF in the 3rd quarter valued at $210,000. Finally, Avantax Advisory Services Inc. bought a new position in shares of VanEck CLO ETF in the 4th quarter worth $236,000.

VanEck CLO ETF Stock Down 2.8 %

Shares of CLOI stock opened at $51.16 on Monday. The stock’s 50-day moving average is $52.91 and its 200 day moving average is $52.94. VanEck CLO ETF has a 1-year low of $50.12 and a 1-year high of $53.21.

VanEck CLO ETF Company Profile

The VanEck CLO ETF (CLOI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in collateralized loan obligations (CLOs) of any maturity. While targeting USD-denominated high-quality CLOs, the fund may still hold high-yield bonds in foreign currency.